Business
The WTC Colombo, Sri Lanka’s best business address celebrates 25 successful years
Uniquely located in the heart of the Central Business District, the World Trade Center Colombo celebrates 25 successful years, continuing to mark its presence as the city’s most iconic commercial landmark and sought-after business address.
In 1991, founder and chairman of the Shing Kwan Group, Singapore S.P. Tao, with visionary foresight and entrepreneurial spirit set course to develop a futuristic commercial complex in the Island. To achieve his goal, Tao acquired Overseas Realty (Ceylon) Ltd., a listed company in the Colombo Stock Exchange, which owned the undeveloped plot of land at Echelon Square.
As among the first and most prominent foreign investors in Sri Lanka, Tao realised that to fulfil his vision, an ingenious plan with three major givens was required – the most appropriate design concept, a world leading construction company and no bank borrowings.
Tao’s enthusiastic passion for Sri Lanka and unyielding confidence of its growth prospects, was brought to fruition with the 39-storey twin towers being commissioned. Fast tracking development for the country, the ground-breaking for the country’s then tallest structure, with an investment of USD 130 million, took place in 1992.
It was at that time said to be the largest foreign direct investment (FDI) and years ahead of any commercial development in the country. On 12 October 1997, the WTC Colombo was formally declared open.
Tao’s bold leadership steered the company throughout three decades where he functioned as Chairman until his demise last year.
Today, the impressive office towers remain a renowned feature of Colombo’s skyline housing the largest business to business network under one roof, offering a corporate ecosystem comprising world-class infrastructure with many conveniences and amenities.
As a formal validation of WTC Colombo’s commitment to excellence in facilities and services, it is the exclusive license holder for the global ‘World Trade Center’ and ‘WTC’ trademarks owned by the World Trade Centers Association – a distinguished global brand facilitating international trade with its influential network of over 325 World Trade Centers spread across 100 countries.
To continue to provide superior facilities and services to tenants and visitors, the World Trade Center, Colombo completed its refurbishment program in April 2021. Enhancing the work atmosphere and convenience for tenants, a comprehensive refurbishment of all interiors and retrofitting of all major MEP systems was undertaken.
Overseas Realty (Ceylon) PLC, Group Director/CEO Pravir Samarasinghe said, “WTC is recognised as a landmark workplace based in the heart of Colombo for many global and well-established local businesses. As we celebrate our milestone 25th anniversary, we take this opportunity to extend our gratitude to our clientele, partners, stakeholders and employees as we continue to be the best possible business address in Colombo. Moreover, our recognition, in-line with iconic global properties associated with the WTC brand, is a strong testament to the Company’s dedication and commitment to excellence in providing quality office space.”
Endorsing its reputation for delivering the best in design, facilities and services to tenants, the WTC Colombo continues to attract prestigious local, and multinational companies. Today, the building houses leading clients such as the Colombo Stock Exchange, Securities Exchange Commission, Board of Investment, Huawei Technologies, Glaxo SmithKline, Earnest & Young Global Deliver Services, Lanka IOC, Mitsubishi Corporation, Deloitte Consulting, Valible One, Bharti Airtel, China Harbour Engineering Company, Asia Broadcasting Corporation, etc.
As the owner, manager, and the developer of the renowned iconic World Trade Center Colombo, Overseas Realty (Ceylon) PLC, continues to dominate the office market bringing extensive expertise, domain knowledge and experience to its real estate developments. The company is also the developer of Havelock City, the largest integrated mixed-use development built in the heart of Colombo with both Residential and Commercial components.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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